A proposed rematch between boxing greats Floyd Mayweather Jr. and Manny Pacquiao has been postponed indefinitely, according to a statement released by Pacquiao's camp on Friday, June 26.

The announcement came after reports that Mayweather's planned exhibition bout in Greece had been canceled following legal action by an events company linked to the proposed Pacquiao rematch.

The rivalry between the two Hall of Famers has intensified in recent weeks after Mayweather claimed the September contest, previously announced by Netflix, would be an exhibition fight. Pacquiao's team strongly disputed that characterization.

In its statement, Pacquiao's camp blamed the delay on ongoing legal disputes, scheduling conflicts, and financial issues surrounding Mayweather's camp.

The complications stem from a lawsuit filed last week by events company CSI, which is seeking to recover at least $4.65 million. The company alleges it paid Mayweather for exclusive promotional rights to both the Pacquiao rematch and a separate exhibition against former heavyweight champion Mike Tyson, which never took place.

According to the statement, the earliest the Mayweather-Pacquiao rematch could now happen is in early 2027. It also noted that if Mayweather and CSI resolve their contractual dispute outside court, promoters will shift their focus to rescheduling the postponed Mayweather-Tyson exhibition, tentatively planned for September 12.

Mayweather, 49, retired from professional boxing in 2017 with an undefeated 50-0 record. Before the latest developments, he had been scheduled to face Greek kickboxing star Mike Zambidis in an exhibition bout at the OAKA Olympic Complex in Athens.

The postponed rematch would have reunited the two men whose blockbuster 2015 showdown remains the highest-grossing event in boxing history, generating a record 4.6 million pay-per-view purchases.